Preservation Equity Fund Advisors, LLC (PEF Advisors), an Irvine-based real estate firm focused on preserving affordable housing in high-cost markets, has acquired Reflections Senior Apartments and Woodbridge Senior Apartments, two affordable housing communities in Ford Collins, CO.
“Millions of American families, senior citizens and veterans cannot find housing they can afford,” said Rich Bennion, Senior VP at PEF Advisors. “The sustained demand and reduction in supply of affordable housing is a serious issue PEF Advisors is addressing through its preservation investment strategy.”
The two senior communities are located about one hour north of Denver and include a combined 122 units of affordable housing for seniors. Reflections Senior and Woodbridge Senior are within five miles of each other, and will be operated with a combined staff. Each property features one- and two-bedroom units and amenities include a clubhouse, on-site laundry facilities and patios/balconies.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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